These 5 mistakes could cost you money when you book your next holiday: Expert tips to save your holiday money

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Last Updated on December 27, 2023 by Rikki

Are you tired of making costly mistakes when booking your holidays? Well, fear not! I’ve got you covered with expert tips to ensure you save your hard-earned money. According to travel expert Lisa Minot, one of the biggest money-wasting mistakes is booking airport parking at the last minute.

By planning in advance, you could save up to £155 per trip. Additionally, buying travel insurance at the same time you book your holiday can offer better coverage in case of cancellations or rescheduling. And remember, don’t exchange your currency at the airport!

Online rates are more competitive and offer better value for your money. So, let’s dive into these expert tips and start saving on your next holiday adventure!

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Book your airport parking in advance

One of the biggest areas where UK travelers could be saving money is airport parking. According to a survey by HolidayExtras.com, 10% of holidaymakers wait until the week of their trip to book parking, and 7% even wait until arrival at the airport to pay for parking.

However, waiting until the last minute can often result in higher prices. Long-stay airport parking pricing varies according to demand, and by booking in advance instead of paying on the day, travelers could save an estimated £155 (€175) per trip.

That’s equivalent to a flight to New York or a London theatre break! So, it’s wise to plan ahead and book your airport parking in advance to avoid unnecessary costs.

Buy your travel insurance at the same time you book your holiday

When it comes to buying travel insurance, it’s essential to do so at the same time you book your holiday. While it may not seem important when everything goes smoothly, having travel insurance can make a significant difference when something goes wrong.

By purchasing your travel insurance at the same time you book your holiday, you’ll have a greater level of coverage if anything is canceled, rescheduled, or if you are unable to go due to illness. It’s also crucial to consider the coverage provided by the policy. Instead of solely focusing on the cheapest option, it’s better to opt for insurance that offers comprehensive coverage.

Additionally, if you plan on engaging in special sports activities during your trip, make sure your policy covers those activities to avoid any potential issues.

Don’t exchange your currency at the airport

If you’re looking to save money, it’s best not to exchange your currency at the airport. Waiting until the last minute to exchange your money can cost you more than if you were to do it in advance. The most competitive exchange rates can usually be found online, and many companies offer the convenience of airport collection.

By taking advantage of these services, not only will you get more value for your money, but you can also avoid the hassle of exchanging currency at the airport. It’s also important to check the international charges on your credit or debit cards before using them abroad.

Some banks may charge hefty fees, so it’s wise to be aware of any potential costs and explore alternatives like using a currency card that offers better exchange rates and doesn’t incur any international fees.

Book an ATOL-protected package holiday

To ensure added protection for your holiday, it’s highly recommended to book an ATOL-protected package holiday. The ATOL scheme is designed to protect your money in case any part of your holiday chain breaks down. This protection applies to trips that involve a flight and at least one other element, such as a hotel, villa, or car hire.

ATOL protection, free to consumers, ensures: that you can finish your holiday and return home if your holiday provider goes bust, and get a full refund if they collapse before your holiday begins.

By choosing an ATOL-protected package, you can have peace of mind knowing that if the hotel or airline goes bankrupt, you will be covered under the government’s ATOL scheme. It’s important to prioritize the safety and security of your holiday, and booking an ATOL-protected package is a great way to ensure that.

Buy your fast track or airport lounge pass at the airport

If you’re interested in enjoying the benefits of fast track or airport lounge access, it’s best to book these services in advance to avoid missing out. While booking in advance may not save you money since the prices are pre-set, it will ensure that you secure your spot as airport lounges often have limited capacity.

By planning ahead and purchasing your fast track or airport lounge pass in advance, you can save time and avoid long queues on the day of your travel. So, if you want a stress-free and enjoyable airport experience, it’s worth considering pre-booking these services.

Save money on airport currency exchange

When it comes to exchanging currency, it’s crucial to research the most competitive exchange rates online. By comparing rates from different providers, you can ensure that you get the best value for your money. Additionally, consider using a currency card that offers better rates and doesn’t charge any international fees.

Currency cards are a convenient and cost-effective alternative to exchanging currency at the airport. They allow you to load money onto the card and use it abroad like a regular debit or credit card but with better exchange rates and no additional fees. So, before your next trip, make sure to explore your options and choose the method that will help you save money on airport currency exchange.

Factors to consider when buying travel insurance

When purchasing travel insurance, it’s important to consider factors beyond just the price. While affordability is certainly an important consideration, it shouldn’t be the sole deciding factor. It’s essential to choose insurance that provides adequate coverage for your specific needs. This includes coverage for cancellation, rescheduling, and illness.

Make sure to review the policy carefully and understand what is and isn’t covered. Look for policies that offer comprehensive coverage and provide protection for any potential situations that may arise during your trip. By focusing on coverage rather than just price, you can ensure that you have the necessary protection and peace of mind while traveling.

Benefits of ATOL-protected package holidays

Opting for an ATOL-protected package holiday provides several advantages when it comes to protecting your travel investment. The ATOL scheme offers additional protection by ensuring that your money is safeguarded in the event of any disruptions in the holiday chain.

This protection extends to situations such as a hotel or airline bankruptcy, providing you with financial coverage and a guarantee that you won’t lose out. By booking an ATOL-protected package, you can rest easy knowing that your holiday is secure and that you have the necessary support in case anything goes wrong. It’s a valuable assurance that adds an extra layer of security to your travel plans.

The advantages of pre-booking fast track and lounge passes

Pre-booking fast-track and airport lounge passes offers several advantages that can greatly enhance your travel experience. By booking these services in advance, you can ensure that you don’t miss out on the benefits they provide. Airport lounges, in particular, often have limited capacity, so reserving your spot ahead of time guarantees you access to the exclusive amenities and comforts they offer.

Additionally, pre-booking saves you time and allows you to bypass long queues on the day of your travel. Instead of wasting time waiting in line, you can relax in the lounge or breeze through security with the convenience of a fast-track pass. So, if you want to make your journey smoother and more enjoyable, it’s worth considering pre-booking these services.

Tips for understanding and minimizing currency exchange charges

Understanding and minimizing currency exchange charges can help you save money and make the most of your holiday budget. To get the best rates, it’s important to research online services that offer competitive exchange rates. Comparing rates from different providers can help you identify the most favorable options. Additionally, consider using services that offer airport collection, allowing you to pick up your currency conveniently upon arrival. W

hen using credit or debit cards abroad, be sure to check your bank’s international charges. Some banks impose high fees for international card usage, so it’s important to know what to expect to avoid any surprises. If possible, using a currency card can be a beneficial alternative since they often offer better exchange rates and don’t charge any international fees. By being informed and proactive, you can minimize currency exchange charges and keep more money in your pocket for your holiday expenses.

In conclusion, taking a proactive approach to various aspects of your travel arrangements can help you save money and enhance your overall travel experience. Booking airport parking in advance, buying travel insurance when you book your holiday, avoiding currency exchange at the airport, choosing ATOL-protected package holidays, pre-booking fast track or airport lounge passes, and researching competitive currency exchange rates are all valuable strategies.

Unanticipated travel can sometimes lead to a rush for document preparation; learn the costs and processes involved in obtaining a rush passport for your next spontaneous adventure.

By implementing these tips and considering the factors discussed, you can make smarter choices and maximize your savings while enjoying a stress-free and enjoyable holiday.


Hi, I’m Rikki

I’m a passionate author and blogger, sharing my thoughts and experiences on life and travel.

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